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ALGOUSD trade ideas

A 1,000% OPPORTUNITY Algorand has been on my Alt watchlist now for quiet some time and it has continued to become more and more convincing as the charts continue to print data. The token is still relatively new and has a similar chart patterns to those of Solana, XRP and BTC, all projects that exploded multiple times after creating their initial all time highs. I won't put all the tokenomics in here on the project as you can find that and research that for yourself however with BTC hopefully dumping very soon it gives us an opportunity to reload on some alts as i already mentioned and a lot of your messaged me asking exactly which alts i would buy, well i am going to be posting them all for you. The chart is utterly beautiful and it is begging for another pump on the next bull run. I don't think it would even hurt to get in now as $ is so low and so is the MC relative to other similar project's and token MC's. As you can see from the Fib Algo could still see a further downside push to around 0.10 which would also be Algo's floor, if this does happen i will absolutely load up on this project with the anticipation of it hitting new ATH's on the next bull run, which would be over a 1,000% increase.
KRAKEN:ALGOUSDLong
by h77nry
1
Get it While It's HOTCOINBASE:ALGOUSD A lot of coins appear to be in the BU/LPS phase of Wyckoff accumulation. This suggests that we may be at the crossroads before some major pumps. Some deeper value buys could present the opportunity, but it's best not to try and pinpoint bottoms; instead DCA in areas of local lows/significant support/resistance (especially during this phase). Every asset will take the stage at different times and perform their solo, and we are closing in on that time of the performance. Good Luck Traders! - Not Financial Advice -
COINBASE:ALGOUSD
by TheGemHunter
ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
2
ALGO 4-Hour .. Next Entry hunting between the linesHere's the problem. We have the larger TF indicator swings going in opposite directions. The 4-hour is Strongly down trending and the Daily is positive and up trending. The 1-hour has bottomed out and is attempting to push PA for a sideways action. I have a "Green-Channel" - "Bearish Pennant" I have an "Orange-Channel" - "Up Trend" I have a "Blue-Channel" - "Down Trend" All in all, I still trade off my 8 indicators, however knowing a probable direction of PA in a channel is very helpful. I am posting all these channels because it is not clear where the PA is going to go. It maybe the likely hood that PA moves in channels of sideway trends. Patience... it is the weekend and volatility is generally low and sporadic in frequency of volatility fluctuations. Also, PA has a long way to the downside if it wants to reset indicators. "Caution" to the downside
COINBASE:ALGOUSD
by Quartz-
ALGOrand Action ContinuesToday we see some action in the COINBASE:ALGOUSD market that started a few hours back. There looks to be still positive entry opportunities here for continued growth. algorand.co What is happening with the project? "Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees." We like low fees and quantum security as I did recently read in a scientific journal that a Quantum Computer was used in China to hack blockchain related technology. Something to be aware of in the future with increasing reliance on AI-enabled tooling. Stay tuned for continued action and get those orders in. Remember Habibi, real Kings don't buy at market price, we use proven strategies based on solid technical research. The desert tests your will not your strength.
COINBASE:ALGOUSDLong
by CoinrabiaDeFi
4
ALGOrand Trending +12% Signals Continued GrowthAfter my earlier post on COINBASE:ALGOUSD strong performance, we are seeing some beautiful trending action in the Algorand markets today. Algorand was founded in 2017 by Silvio Micali, a computer scientist and professor at the Massachusetts Institute of Technology (MIT). algorandtechnologies.com Silvio Micali is one of the world’s foremost authorities on mathematics, computer science and cryptography. He is the founder of Algorand Technologies, the builder of the Algorand blockchain, which today is widely acknowledged to be one of the best performing Layer 1 blockchains ever created. Silvio has helped pioneer many of the breakthrough technologies that help power blockchain today. He is the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions, and many other innovations that are the foundations of modern cryptography. He holds a total of 47 patents in the fields of random number generation, identification schemes, digital signatures, cryptography, digital certificates, and electronic transactions. Silvio has been awarded the Turing award for computer science, the Godel Prize for theoretical computer science, and the RSA prize for cryptography. Algorand ecosystem is very fast as you can see by the transaction speeds when using ALGO wallets like Defly and Pera. Both provide access to a wide range of Web3/DeFi platforms and tools, such as Meme Coins, NTFs, Algorand domains, swaps, and liquidly pools on platform Tinyman v2. BINANCE:ALGOUSDT isn't just a trending crypto, it is a DeFi ecosystem that is faster than many others out there like Uniswap and Phantom. Uniswap often laggs during swaps, and some swaps do not complete at all and stay in pending state forever. Some tokens cannot be sold because very high cash out fees or low liquidy in a token that has already been cashed out by other Rug Ninjas and Solana scalpers. Similar issues were experienced on Phantom - tokens that can't be sold after buying, high sell fees that make it impossible to cash out after a buy. Phantom is less sketchy than Jupiter, but when you are trading in the world of Algorand, I have not experienced any of the problems that I have had with Uniswap and Phantom as described above. This leads me to have greater confidence in the long-term growth potential for Algorand which puts more than a step ahead than competing and slower platforms like Uniswap, Phantom, Solflare, and Jupiter. Defly is a superior DeFi experience, not just a wallet and a token. The easy access to Liquidity Pools on Tinyman v2 is really what sets Defly above other wallets and DEX tools. It becomes possible to invest in a liquidity pool using a wide variety of tokens trading on Algorand, such as MOG, MONKO, Terabro (BRO), $mALGO, TINY, DEFLY, Orange (ORA), PANDA Chain, Death by Disentary (DOD), $BASILK and more. algorand.co --> HQ defly.app --> Trade app.tinyman.org --> Stake + Pool app.nf.domains --> ALGO Domains Get into the action with Algorand trading on Defly and see for yourself how fast the transaction speeds really are. Highly recommended! Remember habibi, the desert tests your will, not your strength.
COINBASE:ALGOUSDLong
by CoinrabiaDeFi
Algorand ALGOUSD Periodic Analysis (Issue 58)The analyst believes that the price of Algorand will decrease in the next 24 Days. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:ALGOUSDShort
by MoonriseTA
ALGO 4-hour .. Trade Long in progressI figured this one out a day or two ago. Placed an order in for the long position. I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run. Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH. I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down. It is possible that, if the market in whole, continues a down hill march... ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas. Highly unlikely, however it still could happen, nothing is guaranteed.
COINBASE:ALGOUSDLong
by Quartz-
ALGO/USD Bullish Reversal Setup ALGO/USD is showing signs of a potential bullish reversal after recently touching the lower Bollinger Band on the 4H timeframe. The price has started to rebound, and a move toward the 38-cent resistance level is likely if bullish momentum continues. Technical Signals: Bollinger Band Rebound: The price has crossed back above the lower Bollinger Band, indicating potential support and a reversal. RSI Neutral Zone: RSI is currently at 40, which leaves room for upward momentum without being overbought. Short-Term Trend: The price shows signs of consolidation and recovery, aiming for the middle Bollinger Band as the next target before testing 38 cents. Target Levels: Immediate Resistance: $0.35 (middle Bollinger Band) Primary Target: $0.38 Stop-Loss Suggestion: Set a stop-loss near $0.32 to minimize downside risk.
COINBASE:ALGOUSDLong
by Abdihalim1